Many people consider the liquidating trust agreement to be a boilerplate document requiring nothing more than finding a form used previously and changing the names.Although this may not always result in disaster, it is nearly certain to result in difficulties down the road — and highly likely to result in objections at plan confirmation.On June 17, 2013, EPA Region 6 and the Oklahoma Department of Environmental Quality issued a record of decision for Operable Unit 2.
In February 2006, EPA filed a proof of claim in the Trust’s bankruptcy proceeding seeking the recovery of past and estimated future cleanup costs incurred in connection with the site. “We are very pleased that as a result of vigorous enforcement in the bankruptcy court, the United States was able to achieve a substantial recovery,” said Robert G.
Under the settlement agreement, the APCO Liquidating Trust and the APCO Missing Stockholder Trust have agreed to pay $14 million to the United States in order to resolve the U. Dreher, Acting Assistant Attorney General for the Environment and Natural Resources Division. taxpayers and the environment.” The ORC Site was operated by Anderson-Prichard Oil Corporation and APCO Oil Corporation as an oil refinery from 1920 until about 1978, and then in a limited capacity by Oklahoma Refining Company until 1987.
Whether it is Hostess Brands—with the future of Twinkies at risk, the prospect of iconic Kodak in the Bankruptcy Court or AMR Corp.’s flight into Chapter 11 reorganization.
Notwithstanding the broad scope of the United States Bankruptcy Code and the power of the Bankruptcy Courts, there are still securities issues to be considered.
Level of Oversight Does the agreement provide for a committee or other body to be established to oversee the work of the trustee? Is the trustee required to consult with or report to all of the beneficiaries?